Record prediction for gold! İslam Memiş: Don't be surprised if it reaches 6,000 TL in 2026

Gold has been hitting records in recent weeks. There's talk of breathless record highs. A gram of gold was around 4,300 lira in recent weeks, but now it's rapidly heading towards 5,000 lira. The price of a single gold coin has now surpassed 31,000 lira.

So how did gold close the week? What are gold prices? Will the gold rally continue? What's the latest on gold prices? What will happen to gram gold? Money markets expert İslam Memiş , a guest of A Haber reporter İslim İstanbullu, answered all the questions.

WHAT DID HE GAIN FROM GOLD?

Here's what İslam Memiş told A Haber: " Gold prices have reached new records this week, both in grams and ounces. Currently, gold is at 4,794 lira per gram in the Grand Bazaar and free markets. In international markets, gold is at $3,588 per ounce."

The price of a gram of gold started the year at 3,050 lira. Yesterday, it rose to 4,803 lira. In eight months, a gram of gold yielded investors 1,753 lira per gram. In international markets, an ounce of gold started the year at $2,623. Yesterday, it rose to $3,600. In other words, an ounce of gold rose $977 in eight months. Of course, because gold loves hazy weather, geopolitical tensions, trade wars, central bank policies, and numerous uncertainties surrounding the global economy have naturally caused gold prices to break new records this year, and we've seen aggressive increases.

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RECORD PREDICTION! THEY WILL HAVE A WEDDING IN 2026...

Gram gold reached its highest level in the Republic's history, and the ounce of gold broke another all-time record. However, we continue to expect new records in gold prices by the end of the year, and especially in 2026. Our target for gram gold by the end of this year is 5,000 lira, and for ounce gold, it's $3,650, followed by $3,750. But is that enough? The real bombshell is 2026. We expect the Fed to cut interest rates at least five times in 2026. This could push the price of gold per ounce to $4,000, followed by $4,250, and the price of gold per gram to $6,000, followed by $6,500.

Who does this warning apply to? Those planning a wedding, those with gold debt, those waiting for an opportunity to buy gold, or those who are late in buying. I believe this warning should be heeded. We will continue to see gold prices reach new records in 2026. Current market conditions and developments point to this.

Screenshot / A News

WHAT SHOULD THOSE WHO HAVE GOLD DO?

In particular, yesterday, the US nonfarm payroll data was released. It came in below expectations, and 96% of the markets signaled that the US Federal Reserve will cut interest rates by 25 basis points at its September meeting and likely cut them twice by the end of the year. So, the Fed's interest rate cuts are starting now. Trump is getting what he wants, and therefore, gold prices will continue to receive support from this Fed interest rate decision. The holiday is over for gold. There was a four-month respite. The trend we call the third dip ended on June 30th. There were excellent buying opportunities. July provided good opportunities, but in the meantime, the gradual rise continued. Occasional profit-taking and corrections in gold prices are bound to occur next week. But investors should focus on the long term. Don't be fooled by short-term fluctuations, but even gold holders are frequently asking these days: "So, we have gold, is it time to sell?" I say, unless you need cash, aren't buying a house, a car, or are making any investments, you should continue holding gold.